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Essay / Research Paper Abstract
This 26 page paper is an in-depth examination of the construction industry in India and how the industry can can become more efficient and competitive. The paper conducts the examination using a detailed PEST analysis looking at the political, economic social and technological influences. The major impacts are seen as the government policies and culture that sustains a vibrant black market economy with high levels of corruption. The bibliography cites 12 sources.
Page Count:
26 pages (~225 words per page)
File: TS14_TEindiacon.rtf
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Unformatted sample text from the term paper:
will always need places to live. This may be seen as the root driver behind the construction industry, especially in a country where population growth rate is 1.4% per
annum, with 22.8 live births per 1,000 per year compared with 8.38 deaths per 1,000 of the population (CIA, 2004), indicating growing population base. With the political position becoming
more liberated and capitalism becoming the dominant paradigm there have been improvements in the economy and the demand for resident and commercial property is increasing leading to the current boom
position in the construction industry in India. Many of the companies working in the construction industry are from other countries since the economy was opened up in 1991.
For example, India is the largest market for Malaysian construction companies. The construction industry is also an area where there is a great deal of black market or hidden economic
activity. For example, official figures will tell a reader that only 8% of the workforce are female (Shah, 1996). However, studies have also indicates that this s not correct and
that on many construction sites between 30% and 40% of the workforce will be women (Shah, 1996). The reason for this is the informal economy and the way that they
work not as individuals but as a part of the family unit, wages then go to the husband (Shah, 1996). This is an indicative factor that shows how the construction
industry requires renewal and change to become competitive once again so that Indian companies can compete with international firms. 1.1 Objectives The aim of this paper is to consider
the current state of the construction industry in India and look at how it may betaken forward to develop and change, maintaining the current strengths, but evolving into a more
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